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USDA GAIN: Oilseeds, Cotton, Sugar, Grain and Feed


21 March 2012

USDA GAIN: Thailand Weekly Rice Price USDA GAIN: Thailand Weekly Rice Price

TH2025 Domestic and export prices increased 1-3 percent due to tight domestic supply of paddy for parboiled rice production following the implementation of the off-season rice Paddy Pledging Program. Meanwhile, rice exporters are fulfilling their outstanding contracts of parboiled rice to Nigeria.
USDA GAIN Report - Oilseeds, Cotton, Sugar, Grain and Feed

Domestic and export prices increased 1-3 percent due to tight domestic supply of paddy for parboiled rice production while exporters are fulfilling their outstanding contracts of parboiled rice to Nigeria of 300,000 – 400,000 tons for delivery by June 2012. In addition, the Government is implementing the MY2011/12 off-season Paddy Pledging Program which has absorbed 324,465 tons of paddy during March 1- 12, 2012 (Table 3). Meanwhile, large supplies of the off-season crop will be available in April – May which account for around half of the total off-season rice production. Last week, the Government retendered 38,495 tons of broken rice from stocks of the MY2011/12 main-crop Paddy Pledging Program, in which 12 participants– mostly exporters– submitted bids, however the results have not been finalized.

Presently, the Government is holding total intervention stocks of around 6.5 million tons, of which 2.0 million tons are old-crop intervention stocks, and 4.5 million tons are MY2011/12 crop. The MY2011/12 main-crop Paddy Pledging Program, took delivery of a total of 6.8 million tons of paddy Bangkok(4.5 million tons milled equivalent) valued at approximately 100 billion baht ($3.3 billion).

Rice Export Update

Unofficial rice exports (excluding fragrant rice) for March 5-11, 2012 totaled 86,820 tons, up 15,022 tons from the previous week, and down 13,985 tons from the four-week moving average of 100,805 tons. Exports of white rice and parboiled rice during January1 – March 11, 2012 totaled 873,413 tons, down 54.9 percent from 1,935,890 tons in the previous year.

According to the Department of Foreign trade, Ministry of Commerce, total rice exports (including fragrant rice) during January 1 – March 6, 2012 amounted to 1,079,299 tons, down 49.7 percent from 2,145,699 tons in the previous year.

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